News

Myanmar’s economic promise no threat to investment here: experts

Myanmar’s moves toward economic and political reform would not subtract from Cambodia’s regular stream of foreign investment, experts and insiders said – at least not in the short run. Word of an investor-friendly Myanmar has spread quickly with the US’s partial waiver on trade sanctions in ...

http://www.phnompenhpost.com/index.php/2012033055328/Business/myanmars-economic-promise-no-threat-to-investment-here-experts.html

Companies given right to develop wildlife land

The Cambodian government has reclassified 12,000 hectares of wildlife sanctuary to make way for agro-industry concessions for three companies, according to the royal book issued on March 19. The land has been cut from the Kulen Promtep Wildlife Sanctuary, the largest protected area in Cambodia, which ...

http://www.phnompenhpost.com/index.php/2012033055335/National-news/companies-given-right-to-develop-wildlife-land.html

Hun Sen appeals for ASEAN military cooperation

Prime Minister Hun Sen has appealed for military cooperation between members of the Association of Southeast Asian Nations, a source said. Hun Sen was quoted as saying that regional military cooperation was needed as ASEAN countries would soon become one family. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=OTcwZjk2MTNjZWI5NGRiYWQxYmY4NzIwNWE0ZTY2

Lost Opportunities as Cambodian Labor Goes Abroad: Advocate

Even with an improved domestic job market, many Cambodian workers are seeking jobs overseas, despite the risks. This is mainly due to the government’s failure to get the word out, Moeun Tola, a labor advocate at the Community Legal Education Center, told “Hello VOA” Thursday. “We see ...

http://www.voanews.com/khmer-english/news/human-rights/Lost-Opportunities-as-Cambodian-Labor-Goes-Abroad-Advocate-145241375.html

Information Minister Promotes Gov't Use of Social Media

Minister of Information Khieu Kanarith has encouraged all provincial and city information departments to set up and maintain their own homepages, websites and profiles on the Internet, including popular social networking sites such as Facebook, officials said yesterday. The minister, who posts frequent updates ...

Worker Shortage Biggest Threat to Economy

A shortage of workers, particularly those with skills, is the biggest threat to economic growth in Cambodia today, Sok Chenda, secretary general of the Council for the Development of Cambodia (CDC), said yesterday. Speaking at the Greater Mekong Subregion Investment Policy Forum organized by the Organization ...

Hyatt Overtakes Siem Reap’s Hotel de la Paix

Hyatt Hotels Co will open its first hotel in Cambodia next year by rebranding the well-known five-star boutique resort Hotel de la Paix, the company said in a statement on Tuesday. As part of the agreement, KS Hotels and Resorts, a Thai-based firm, will retain full ...

EU Launches Food Security Program Aimed at Minorities

The European Union has launched a $4.5 million program aimed at increasing food security among indigenous minorities in Ratanakkiri province, including those whose land has been affected by the growing number of economic land concessions in the area. Speaking on the sidelines of the launch in ...

Beer Promoters Seek Higher Wages and Increased Respect

Beer promoters are hoping a new documentary chronicling the conditions they face in the workplace will pressure beer companies to increase their wages and reduce harassment from customers. The documentary, launched yesterday at a meeting with members of the Cambodian Food and Service Workers Federation (CFSWF), ...

Koh Kong power to go to Thais

Cambodian tycoon Ly Yong Phat has signed a US$3 billion joint-venture agreement with Thai energy firm Ratchaburi Electricity Generating Plc on what would be the Kingdom’s largest power station. Just under 90 per cent of the power, however, would be sold to Thailand. The 1,800 megawatt ...

http://www.phnompenhpost.com/index.php/2012032955308/Business/koh-kong-power-to-go-to-thais.html

Police deny baton beatdown

The Phnom Penh municipal police chief yesterday denied claims his officers had beaten three female garment factory workers with batons and shields during a protest in which a 21-year-old’s nose was allegedly broken on Tuesday. Police chief Touch Naruth called the Post yesterday claiming no weapons ...

http://www.phnompenhpost.com/index.php/2012032955319/National-news/police-deny-baton-beatdown.html

Borei Keila Residents File Land Transfer Complaint

One hundred and thirty-five families evicted from the Borei Keila community filed a complaint with the Council of Ministers and Finance Ministry yesterday against Phnom Penh Municipality for trying to transfer to the Phanimex company land belonging to the community, a resident said. ...

Drainage System Planned For Boeng Kak Lake

About 70 residents from Phnom Penh’s Boeng Kak lake met with Daun Penh district governor Sok Sambath yesterday to discuss the first phase of a new drainage system around the lake area that will protect against floods, a villager and municipal official said. ...

Supreme Court Wants $200K Cash Deposit in Renakse Case

The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the ruling CPP sold the French colonial-era ...

Voices divided pre-ASEAN

Protecting human rights, especially those of Cambodian migrant workers traversing borders to countries such as Malaysia, dominated discussions at yesterday’s ASEAN Peoples’ Forum, one of two competing pre-summit forums that claim to be giving a voice to Cambodians. Speaking at yesterday’s forum, Seng Sakda, director-general ...

http://www.phnompenhpost.com/index.php/2012032955323/National-news/voices-divided-pre-asean.html

Canadia subsidiary buys 15% stake in CVI

Diamond Island Development Co Ltd, owned by Canadia Bank, yesterday bought a 15 per cent stake in Investment and Development Company of Cambodia (IDCC)’s Cambodia-Vietnam Insurance Plc. The companies declined to give the value of the stake. Ngay Mengly, sales officer at Cambodia-Vietnam Insurance Plc, said ...

http://www.phnompenhpost.com/index.php/2012032955307/Business/canadia-subsidiary-buys-15-stake-in-cvi.html

Svay Rieng shooting victims get their say

The three young women wounded in last month’s factory shooting in Svay Rieng province will meet with provincial prosecutor Hing Bunchea today to give their account of the February 20 incident that has yet to produce an arrest warrant. Bun Chinda, 21, Nuth Sokhorn, 23, and ...

http://www.phnompenhpost.com/index.php/2012032955318/National-news/svay-rieng-shooting-victims-get-their-say.html

Villagers take sawmill to task

Kampong Thom province Villagers patrolling Prey Lang forest claimed yesterday that about 600 resin trees they found inside a sawmill in the Kampong Thom province had been cut down illegally – an allegation government officials quickly denied. After resistance from police and soldiers monitoring their actions this ...

http://www.phnompenhpost.com/index.php/2012032955312/National-news/villagers-take-sawmill-to-task.html

Bank Backs Displaced Families’ Compensation

The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to residents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ...

Sea Clashes Loom Over Southeast Asia Summit

Tiny Cambodia is emerging as a key pawn in the diplomatic struggle over one of the world’s busiest stretches of water: the potentially energy-rich South China Sea. The country of 15 million people is this year hosting a series of regional summits in which China’s claims ...

http://online.wsj.com/article/SB10001424052702304177104577308972320988892.html?mod=googlenews_wsj

China influence over Cambodia to be tested at SE Asia summit

China’s presence in the Cambodian capital Phnom Penh is obvious. The city skyline is dotted by Chinese-funded projects. But the full extent of Beijing’s influence here will be tested when President Hu Jintao visits this week ahead of a regional summit. The timing of Hu’s visit ...

http://www.reuters.com/article/2012/03/29/asean-china-idUSL2E8ER98X20120329?irpc=93

Phnom Penh Cleans Up Prior To Next Week’s Asean Summit

In addition to security and public order initiatives in the lead-up to next week’s Asean Summit, Phnom Penh authorities said yesterday they would be redoubling their “clean city” efforts. “We’re keeping security and order, and we asked Cintri [waste disposal company] to double the numbers of ...

ASEAN aims to dodge crisis in West

ASEAN finance officials and the heads of regional central banks yesterday homed in on the possibility of economic crisis as well as potential means of averting contagion in fledgling Southeast Asian economies. The officials have also agreed “in principle” to doubling a regional currency fund to ...

http://www.phnompenhpost.com/index.php/2012032855276/Business/asean-aims-to-dodge-crisis-in-west.html

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